(The following post seemingly blocked on Yhoo board)..
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@KEL Think you might be reading too much into KERX trading at premium vis a vis .3743 “merger” conversion ratio, but, you never know, lots on table for KERX BOD to think about —IMO.
On June 28th, day “merger swindle” was announced and pps taken down to $3.63, 9.9 million shares traded. Since June 28th, another 13 million shares traded.
KERX shares are being accumulated at cheap by “mafiosos” looking to advance ownership control/voting rights — IMO.
KERX trading higher points to buying pressure likely responding to continued accumulation from “mafiosos” — shares coming from shaking weak retail, traders, and funds with $5 “penny stock rule”.
We’ll see if your you’re reading into KERX premium visca vis AKBA has any veracity. Three upcoming key variables to look-out for..
1– Short interest at July 13th and July 30th..
2– 2Q2018 financial results cc
3– Aug. 15th Nasdaq Institutional report.
Into MONTH 9 since IDA approval (Nov. 7, 2017), so happens coinciding with same day 3Q2017 cc (original announced date changed) with guidance withdrawal and missing on increased revenue guidance from prior 2Q2017 cc, followed by coinciding with tax loss selling, etc. — all coincidence? Btw, KERX’s pps take a hit from $6.23 to $5.15 and held “hostage” ever since — IMO
Less than 2 months prior to “Black Tuesday”, Nov. 7, 2017, Butler resigns ( no reason given), on April 30, 2018 Madison resigns (no reason given), on June 28, 2018 Butler te-surfaces with proposed “merger swindle” announcement and proposed CEO of merged company, when and if “shoved down out throats” — IMO
Lots “on the table”, KEL, during past 11 months, not to mention past 31/2 years.
ALL above, in my opinion, as always..
